South Korea Gets a New Crypto Payment Option with Instant Refunds

South Korea just became the newest stop in RedotPay’s global crypto payment rollout.

The Hong Kong-based fintech startup has launched its Visa-compatible crypto debit cards—virtual and physical—across the country, letting users pay with stablecoins and major cryptocurrencies at any merchant that accepts Visa.

The product arrives with minimal sign-up hurdles: a name, address, and ID are enough to get started. Virtual cards cost $10, physical ones $100, and the whole process can be completed on a smartphone. Social media users report that the cards work right away without waiting for a plastic version.

RedotPay supports Bitcoin, Ethereum, and major stablecoins like USDT and USDC. Users can load assets from multiple chains, including Solana, BSC, and Polygon. One standout feature is real-time transaction settlement: purchases instantly deduct funds from the wallet, and refunds are processed within minutes if a transaction is canceled.

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Another advantage? Apple Pay integration—something most Korean residents currently can’t access unless they use Hyundai Card. RedotPay’s compatibility could be a breakthrough as crypto payments push into mainstream retail.

The launch comes as crypto policy heats up in South Korea. With presidential elections nearing, both major parties have pledged reforms, including ETF approvals and new stablecoin rules. Over 16 million Koreans already hold crypto, and with tools like RedotPay entering the scene, everyday use could be next.

Alexander Stefanov